Qualcomm’s (QCOM) interest in pursuing an acquisition of Intel (INTC) has cooled, Michelle Davis, Ryan Gould and Ian King of Bloomberg report, citing people familiar with the matter. The complexities associated with acquiring all of Intel has made a deal less attractive to Qualcomm, sources told Bloomberg. It is possible Qualcomm looks at pieces of Intel instead or rekindles its interest later, they added. Shares of Intel are down 3% to $24.22 in morning trading while Qualcomm is up 1% to $160.30.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INTC:
- Intel, Biden-Harris Administration finalize $7.86B CHIPS Act funding award
- Intel’s (INTC) CHIPS Act Funding May Be Cut, According to New York Times
- Macy’s uncovers employee fraud, Summit to be acquired: Morning Buzz
- Intel close to finalizing $8B CHIPS Act grant, CNBC says
- Intel up 3% after CNBC report on CHIPS Act funding